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a16z
JUNE/JULY 2019
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Entrepreneurs, then and now
with Marc Andreessen, Stewart Butterfield, and Ben Horowitz
A lot in technology -- and venture -- happens in cycles of 10 years: new tech shifts come and go, a new generation of founders matures. So when Andreessen Horowitz was founded a decade ago, the landscape looked very different between then and now: Not only had the global economy just seen a recession, but trends like mobile and cloud were just taking off. Now, 10 years later, what’s changed -- not just in tech, but in profiles of entrepreneurs? Stewart Butterfield, CEO of Slack, guest hosts this episode of the a16z Podcast, interviewing the a16z co-founders to commemorate our 10th anniversary.
listen to the episode
All about Direct Listings
by Jamie McGurk
An emerging trend to pay attention to is tech companies doing a Direct Listing instead of a traditional IPO as a route to the public markets: Spotify started it last year, and Slack just did this last month. While both of these companies had all the outward trappings of an IPO, no shares were sold by the companies and therefore no capital was raised. So why then would a company do a Direct Listing; how is it different than an IPO, and how does it work? More broadly, why do Direct Listings matter? 
read this article
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Lessons from a serial entrepreneur
with Andrew Chen and Justin Kan
Justin Kan (CEO of Atrium, previously co-founded Twitch, Justin.tv, Socialcam, Kiko) reflects on his journey as a repeat entrepreneur. What lessons were learned along the way on: choosing a focus; market risk vs. execution risk; managing the stress of being at a startup; and many other topics? What advice would he give himself then if he could... from his vantage point now? 
watch this video
The politics of technology
with Tony Blair, Sonal Chokshi, and Scott Kupor
If the current pace of tech change is the 21st-century equivalent of the 19th-century Industrial Revolution -- with its tremendous economic growth and lifestyle change -- it means that even though it’s fundamentally empowering and enabling, there’s also lots of fears and misconceptions as well. That’s why, argues former U.K. prime minister Tony Blair, we need to make sure that "the changemakers" are in a structured dialogue with politicians... otherwise we'll end up with pessimism and bad policy. So how do we remain optimistic yet inclusive of all? And how do we avoid the bad regulations that come from even the very best of intentions?
listen to this episode 
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In the news: on CFIUS/FIRRMA; on expensive medicines; on mortgages - why so complicated? 
with Jorge Conde, Scott Kupor, Andrew Lo, and Alex Rampell 
What are the implications for U.S. innovation as policymakers seek to expand the scope of the Committee on Foreign Investment in the U.S. (CFIUS) through the Foreign Investment Risk Review Modernization Act (FIRRMA)?  
read this article + see this reform hearings testimony

Multimillion dollar prices for the latest gene therapies are giving us all sticker shock. Why so high? When it comes to drug pricing, we need to shift from thinking about doses, to thinking about patient outcomes... But we also need new models for the system paying for this; could a 'mortgage' for a cure work?
listen to this podcast + read this post

Why are home mortgages so darn complicated? This short animated video takes us through the history of the U.S. mortgage, all the different processes and players that it entails today, and how it got so complex. What are the opportunities for innovation here?
watch this video

here's what we're reading this summer! + what we're watching/ listening to/ playing

This is the monthly edition of the a16z newsletter, which features content and resources curated and produced by Andreessen Horowitz. You can catch up on past issues here -- or sign up for other newsletters; we now have *new* editions dedicated to topics like bio and fintech!

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Andreessen Horowitz · 2865 Sand Hill Road, Suite 101 · Menlo Park, CA 94025 · USA